Five things to know about Alibaba

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Five things to know about Alibaba

Financial Markets News 0

HONG KONG (CNNMoney) Alibaba was founded 15 years ago in the modest Hangzhou, China apartment of Jack Ma — a former English teacher who started the company with an initial investment of $60,000 kicked in by 18 friends. The company has since evolved into the dominant force in China’s e-commerce industry, a market with so much potential that Alibaba’s IPO may be the largest ever by a tech company — surpassing even the record $16 billion raised by Facebook. Here are five things to know about t…

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